Jefferies Financial Group Inc. Invests $2.37 Million in The Mosaic Company $MOS

Jefferies Financial Group Inc. bought a new position in shares of The Mosaic Company (NYSE:MOS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 111,598 shares of the basic materials company’s stock, valued at approximately $2,365,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares in the last quarter. United Services Automobile Association acquired a new stake in Mosaic during the first quarter valued at $201,000. Empowered Funds LLC grew its stake in shares of Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after buying an additional 34,151 shares in the last quarter. Woodline Partners LP grew its position in Mosaic by 40.7% in the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after acquiring an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after buying an additional 601 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Insider Activity

In other Mosaic news, SVP Walter F. Precourt III sold 23,000 shares of Mosaic stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares in the company, valued at approximately $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is owned by company insiders.

Mosaic Price Performance

Shares of MOS stock opened at $23.64 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of -11.70, a PEG ratio of 4.27 and a beta of 0.82. The firm’s 50 day moving average is $22.36 and its 200-day moving average is $24.11. The Mosaic Company has a 1 year low of $19.80 and a 1 year high of $36.99.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%.The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. Sell-side analysts forecast that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. Mosaic’s dividend payout ratio (DPR) is -43.56%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MOS shares. Canadian Imperial Bank of Commerce set a $25.00 target price on shares of Mosaic in a research note on Tuesday, May 12th. Wall Street Zen cut shares of Mosaic from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th. Berenberg Bank cut their target price on Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Zacks Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Finally, Freedom Capital cut shares of Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Mosaic has a consensus rating of “Hold” and an average target price of $27.17.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.